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This article applies to:

  • Product: Digita Company Secretarial

Buy back of shares in Company Secretarial

The steps in the following procedure are also shown in our video Carry out a buy back of shares.
  1. Select the
    Share Transactions
     tab within the company.
  2. Select
    New Share Transaction
     from the toolbar.
  3. On the
    Shares Transacted
     tab, select the name of the individual whose shares you want to buy back.
  4. Enter the date of the share buy back.
  5. Enter the number of shares you want to buy back as a negative figure.
  6. Overtype the text in the narrative box to enter what you require in the meeting minutes.
    note
    The meeting minutes will describe this transaction as an allotment if you don't change the narrative.
  7. On the
    Payment details
     tab, enter the share value as a positive figure, and the
    Total cash received
     as a negative figure.
  8. The
    Calls o/s
     field should read
    £0.00
     once you've entered the
    Total cash received
    .
  9. Select
    OK
    .
  10. Select
    OK
     to create the minutes if required.
  11. Once the minutes have been created and saved, select
    Save
     button to commit the changes to the database and create the documentation for the buyback.